Google, meanwhile, has seen its stock price surge 17% so far this year. After hitting an all-time high Monday, Google shares continued to gain early Tuesday.

What gives?

Google has been the world's leading search engine for a long time, but it has not rested on its laurels. Instead, the company has been working on new consumer products and developing tools for advertisers to target those consumers.

By contrast, Apple has yet to have a new blockbuster since its visionary leader passed away in 2011.

CEO Tim Cook has hinted at the potential of the Apple TV, and there are rumors of an iWatch coming to market this year. But investors remain concerned about Apple's ability to compete as iPhone demand appears to be waning and rival smartphone makers, such as Samsung, have been taking market share.

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney